AOL reports email security breach
NEW?YORK?(AP) -AOL says a security breach may have exposed the private information of a "significant number" of its email users' accounts.
The company said Monday that the email addresses, postal addresses, address books, encrypted passwords and encrypted answers to security questions of users may have been exposed, along with some employee information.
AOL believes spammers used this contact information to send "spoofed" emails. Spoofing is a tactic used by spammers to make an email look like it is from someone the recipient knows to trick him or her into opening it. These emails do not originate from the sender's email - the addresses are just edited to make them appear that way.
The company estimates these emails came from about 2 percent of its accounts. The investigation is still underway.
Gold prices slip ahead of meeting
NEW?YORK?(AP)?-Gold prices are settling lower as traders look ahead to a Federal Reserve policy meeting this week.
Gold dipped $1.80 to settle at $1,299 an ounce on Monday. Silver slipped 10 cents to $19.59 an ounce.
The Fed starts its two-day policy meeting Tuesday. When it's finished, the Fed is expected to continue scaling back its support for the economy. Gold prices have dropped as the Fed has pulled back on its bond-buying program.
A surprise move from the Fed could jolt the price of gold.
Other metals were slightly lower. Platinum sank $4.60 to $1,419.70 an ounce, while palladium lost $10.50 to $800.70. Copper was unchanged at $3.09 a pound.
In other trading, agricultural contracts were little changed. Crude oil rose 24 cents to $100.84 a barrel.
New job grants to states announced
WASHINGTON (AP) - Labor Secretary Thomas E. Perez says the government is making a fresh $150 million installment to a federal program to help train workers who have lost their jobs in high-demand industries through no fault of their own.
Perez told reporters on Monday that states can apply for grants ranging from $500,000 to $6 million so they may, in his words, "connect job-seekers with well-paying jobs so they can return to the workplace."
It brings federal spending on related programs to roughly $1 billion over just the past three months.
Perez said the job picture is steadily improving - if slowly.
In the depths of the 2008-2009 recession, seven or eight job-seekers competed for each opening. Perez said it's down to 2 1/2 workers per opening now.
New megamall to be done in 2016
EAST RUTHERFORD, N.J. (AP) - The developer of a massive New Jersey megamall has signed a union agreement to jumpstart work on the long-delayed project.
Triple Five and the Bergen County Building & Construction Trades Council signed the deal Monday in East Rutherford. The American Dream mall is projected to create 9,000 to 10,000 new jobs and be finished in late 2016.
The mall at the Meadowlands was originally known as Xanadu and scheduled to open in 2007. It languished during the economic downturn before Triple Five took over at the end of 2010.
Gov. Chris Christie was on hand for Monday's announcement. A few years ago he called the mall the ugliest building in New Jersey, if not America.